Target Corporation (NYSE TGT) opened at 57.60 on Wednesday. Prudential Financial Inc. now owns 3,778,242 shares of the retailer's stock valued at $197,565,000 after purchasing an additional 1,143,598 shares in the last quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. RNC Capital Management LLC lifted its stake in Target Corporation by 5.3% in the first quarter. Parallel Advisors LLC now owns 2,072 shares of the retailer's stock valued at $117,000 after purchasing an additional 399 shares in the last quarter. Meadow Creek Investment Management LLC now owns 185,708 shares of the retailer's stock valued at $10,249,000 after buying an additional 27,370 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Target Corporation by 8.7% in the second quarter. Davidson Investment Advisors now owns 2,559 shares of the retailer's stock valued at $141,000 after purchasing an additional 400 shares in the last quarter. The company presently has an average rating of "Hold" and an average target price of $63.08. Finally, Sandy Spring Bank grew its holdings in shares of Target Corporation by 6.7% in the second quarter. UBS has "Neutral" rating and $75 target. The stock was sold at an average price of $59.37, for a total value of $277,792.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The stock rose 0.35% or $0.2 reaching $57.8.
Analysts await Target Corporation (NYSE:TGT) to report earnings on November, 15. If you are reading this news story on another website, it was stolen and reposted in violation of USA and worldwide trademark and copyright law.
TRADEMARK VIOLATION NOTICE: "Target Corporation (TGT) Shares Bought by Clinton Group Inc." was first published by Dispatch Tribunal and is owned by of Dispatch Tribunal.
TGT has been the topic of a number of recent analyst reports. Target Corporation had 65 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned "Buy" rating on Thursday, August 18 by Citigroup. BMO Capital Markets restated a "market perform" rating and issued a $67.00 price objective (up previously from $62.00) on shares of Target Corporation in a report on Friday, August 18th. Vetr upgraded the shares of TGT in report on Wednesday, September 2 to "Strong-Buy" rating. Wolfe Research downgraded the shares of TGT in report on Friday, April 29 to "Peer Perform" rating.
Among 25 analysts covering Target Corporation (NYSE:TGT), 6 have Buy rating, 3 Sell and 16 Hold. Stifel Nicolaus maintained Target Corporation (NYSE:TGT) on Wednesday, August 9 with "Hold" rating. The legal version of this news story can be read at https://www.dispatchtribunal.com/2017/10/11/target-corporation-tgt-shares-bought-by-clinton-group-inc.html. The firm has a market capitalization of $31.46 billion, a price-to-earnings ratio of 11.64 and a beta of 0.62. Target Corporation has $92 highest and $4.45 lowest target. Cowen & Co maintained Target Corporation (NYSE:TGT) on Thursday, February 25 with "Outperform" rating. Franklin Resources Inc. now owns 21,112,915 shares of the retailer's stock valued at $1,103,994,000 after purchasing an additional 1,686,774 shares in the last quarter. The business had revenue of $16.43 billion for the quarter, compared to analyst estimates of $16.30 billion. The firm's revenue was up 1.6% on a year-over-year basis. After $1.23 actual earnings per share reported by Target Corporation for the previous quarter, Wall Street now forecasts -30.89% negative EPS growth. On average, equities research analysts anticipate that Target Corporation will post $4.51 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, December 10th. Shareholders of record on Wednesday, November 15th will be given a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 4.31%. The ex-dividend date is Tuesday, November 14th. Target Corporation's payout ratio is now 50.00%.
Target Corporation (Target) is a general merchandise retailer selling products through its stores and digital channels. Its general merchandise stores offer an edited food assortment, including perishables, dry grocery, dairy and frozen items. The Company's digital channels include a range of general merchandise, including a range of items found in its stores, along with an assortment, such as additional sizes and colors sold only online.